Four Ways to End the Euro’s Crisis of Confidence: Peter Kurer
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Dec. 14 (Bloomberg) -- Travel agents started to buy touristservices in potential replacement currencies such as the drachmaor lira. Central banks took precautions and one of them was saidto have shopped around for banknote printing capacity. Traderseven asked whether the euro would survive until Christmas.
So what has last week’s summit of European leaders offeredto save the merriment of the holiday season? Some respite, butnot much beyond it. Most stock markets have already resumedtheir declines.